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S&P lifts US Foods
S&P said it raised its issuer credit rating on US Foods Inc. to BB from BB-.
S&P also raised its issue-level rating on its senior secured debt to BB+ from BB and the rating on its senior unsecured debt to BB- from B+.
The outlook is stable.
“Foodservice distributor US Foods Inc.'s credit metrics have strengthened over the past year with S&P Global Ratings-adjusted leverage improving to below 4.5x as of first-quarter 2023, reflecting better performance and debt reduction,” S&P said in a news release.
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